Iraq Economic News and Points To Ponder Friday Morning7-24-26

Iran Seeks Access To $11B In Energy Funds In Iraq

2026-07-23 / 13:35   Shafaq News- Tehran/ Baghdad    Iran has between $10 billion and $11 billion in funds and energy receivables held or owed in Iraq, Central Bank of Iran Governor Abd Al-Naser Hemmati announced on Thursday.  

Hemmati said he discussed the funds with Iraqi Central Bank Governor Nizar Nasser Hussein during Prime Minister Ali Al-Zaidi’s visit to Tehran, with both sides seeking mechanisms to allow Iran to finance imports or complete permitted financial transfers.  

Part of the money has already been used to purchase essential goods, but transfer restrictions continue to “limit [Tehran’s] access” to the remainder.  

Iraq deposits payments for Iranian gas and electricity into restricted accounts because US sanctions limit direct dollar and euro transfers to Iranian institutions.  

Iraq pays Iran $4 billion to $5 billion annually for gas, according to Iraqi energy officials cited by Reuters in March 2025. Then-Electricity Minister Ziyad Ali Fadel estimated that losing Iranian gas would cut about one-third of Iraq’s 27,000 MW electricity output.   Read more: $24 billion frozen asset dispute blocks final US-Iran agreement  

https://www.shafaq.com/en/World/Iran-seeks-access-to-11B-in-energy-funds-in-Iraq

Attacks On Oil Fields And Companies In Basra Were Carried Out By Iraqi Armed Factions. The Guardian Reports That Iraq Has Failed To Invest Its Oil Wealth  

latest news Thursday,  July 23, 2026   Baghdad - One News - 7/23/2026   The British newspaper The Guardian revealed in a lengthy report that Iraq is facing one of its most dangerous security, political and economic tests since 2003, after it turned into an arena of indirect confrontation between the United States and Iran, amid escalating attacks on oil facilities and widening division over the weapons of the factions and their influence within state institutions.  

According to the report, the series of attacks began after the outbreak of the regional war, with drones targeting oil fields, service facilities, and the headquarters of foreign companies in Basra, including sites linked to American and international companies operating in the energy sector.

The strikes caused widespread fires, forced hundreds of foreign workers to leave the country, and left thousands of Iraqi workers without work, significantly reducing oil production.  

The newspaper quoted Iraqi officials as saying that most of the attacks were not launched from outside the borders, but rather originated from within Iraq and were carried out by Iraqi armed factions linked to Iran, in an attempt to disrupt the oil sector, raise global prices, and increase pressure on the US administration to halt its military operations against Tehran.  

The report indicated that the perpetrators of the attacks possessed accurate information about the locations of the targeted warehouses, equipment and facilities, raising suspicions of leaks from within state institutions or companies operating in the oil sector.  

Officials who spoke to the newspaper believe that foreign companies will not bear the losses alone, as the costs of the destroyed equipment will be borne by the Iraqi government, making the national economy, Iraq’s investment reputation, and its ability to attract international companies the biggest losers.  

The Guardian confirmed that the war revealed the fragility of the Iraqi state and its inability to protect its airspace and vital facilities, despite the security leaders' knowledge of the parties behind the missile and drone launches, the chain of command, and the areas from which the attacks originate.  

The report also linked the weak security response to the spread of corruption within military institutions, explaining that some leadership positions are bought with millions of dollars, which pushes leaders to protect their financial interests and avoid confrontation instead of enforcing the law and protecting state institutions.  

In this context, the report indicated that Prime Minister Ali al-Zaidi escalated his stance against the armed factions, giving them until September 30 to hand over their weapons and integrate their combat formations into the official security forces, as part of a project to restrict weapons to the state and reduce Iranian influence.  

While some of the older factions accepted the idea of merging into the state, the ideological factions under the umbrella of the “Islamic Resistance in Iraq” refused to hand over their weapons, considering that the confrontation with the United States and Israel represents an existential battle and a religious duty, and that their weapons will not be surrendered as long as the American presence exists.  

The report indicated that the American pressure was not limited to the political and security aspects, but also included influential economic tools, as Washington halted cash dollar shipments sent to Baghdad in April, before resuming them in July after the government announced practical steps towards disarming the factions.  

According to the report, these pressures coincided with a severe oil crisis, after the closure of the Strait of Hormuz and attacks on Basra facilities led to a decline in production and exports and the appearance of long queues in front of gas stations, in scenes that brought back memories of the chaos that Iraq witnessed after 2003.  

The newspaper pointed out that Iraq’s reliance on oil revenues to fund the salaries of about four million government employees made it highly vulnerable to any halt in production or exports, and prompted it to look for alternative routes, including restarting the Iraqi-Saudi pipeline to bypass the Strait of Hormuz.  

The report also addressed the reasons for Iraq’s failure to invest its oil wealth since 2003, despite the entry of major companies such as BP, ExxonMobil and Shell, explaining that corruption, bureaucracy, contractual disputes and delays in financial dues prompted international companies to reduce their operations or withdraw from their projects.  

The Guardian added that the oil contract system in Basra is subject to the influence of parties, tribes, and sometimes armed factions, which profit from government contracts, making the oil sector for many Iraqis a symbol of corruption and mismanagement rather than a source of national pride.  

In parallel with the arms crisis, the government expanded its anti-corruption campaign, which included senior officials in the Ministry of Oil, including Deputy Oil Minister Adnan al-Jumaili, after millions of dollars, billions of dinars, quantities of gold and weapons were seized, before the investigations expanded to include dozens of deputies and officials.  

The report considered that the Iraqi political scene is embodied in two contradictory images; the first being Prime Minister Ali al-Zubaidi’s participation in the funeral ceremonies of Iranian Supreme Leader Ali Khamenei in Najaf, and the second being his sitting a few days later next to US President Donald Trump in the White House, renewing his pledge to restrict weapons to the state, combat corruption, and attract American investments.  

The Guardian concluded that Iraq faces a highly complex equation: it is financially and economically dependent on the United States, while simultaneously confronting deeply entrenched Iranian influence within its political and security institutions, leaving it caught between two competing powers at one of the most sensitive junctures in its modern history.  

https://1news-iq.net/الهجمات-على-الحقول-والشركات-النفطية-ف/

Al-Zaidi Urges Iran To Seize Iraq Dialogue Opportunity

2026-07-23 / 11:36   Shafaq News- Tehran   Iraq has long served as a platform for dialogue and resolving regional disputes, Iraqi Prime Minister Ali Al-Zaidi said on Thursday, urging Iran to seize the current opportunity to advance "de-escalation dialogue."  

During a meeting in Tehran with Iran's Judiciary Chief Gholam-Hossein Mohseni Ejei, Al-Zaidi reaffirmed Iraq's commitment to building strong relations with Iran and expressed his government's readiness to deepen cooperation, especially in the economic sector, in a way that serves the interests of both countries, according to a statement from the Iraqi prime minister's media office.  

The two sides discussed ways to strengthen bilateral relations and expand cooperation across multiple sectors, particularly in the judicial field, emphasizing the judiciary's role in supporting stability.   Iraqi Prime Minister Media Office 

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Prime Minister Ali Faleh Al-Zaidi Meets with the Head of Iran’s Judiciary in Tehran

Prime Minister Ali Faleh Al-Zaidi met in the Iranian capital, Tehran, with the Head of Iran’s Judiciary, Gholam-Hossein Mohseni Ejei.  

The meeting discussed ways to further strengthen relations between the two countries and enhance bilateral cooperation across various fields, particularly in the judicial sector. The two sides also emphasized the role of the judiciary in supporting and consolidating stability.  

During the meeting, Prime Minister Al-Zaidi reaffirmed Iraq’s commitment to building the strongest possible relations with the Islamic Republic of Iran and expressed the government’s readiness to expand joint cooperation across various sectors, particularly in the economic field, in a manner that serves the interests of both countries and promotes the prosperity of their peoples.  

The Prime Minister also stressed that Iraq has long served, and continues to serve, as a platform for dialogue and the resolution of disputes across the region, underscoring the importance of seizing the current opportunity to advance dialogue and de-escalation efforts.  

For his part, Mr. Ejei highlighted the religious, historical, and social bonds between Iraq and Iran. He commended the Iraqi government’s measures and efforts to combat corruption, noting that Iran has experience in combating corruption and stands ready to cooperate with Iraq in this field. He also expressed his appreciation to the Iraqi people for their noble gesture in participating in the funeral procession of Grand Ayatollah Ali Khamenei.

•••••

Media Office of the Prime Minister  July 23, 2026    Ejei highlighted the religious, historical, and social ties between Iraq and Iran, praising the Iraqi government's anti-corruption efforts.  

“Iran has an experience in combating corruption and stands ready to cooperate with Iraq in this field,” he offered, appreciating the Iraqi people for “their noble gesture in participating in the funeral procession of Grand Ayatollah, Ali Khamenei.”     

https://www.shafaq.com/en/Iraq/Al-Zaidi-urges-Iran-to-seize-Iraq-dialogue-opportunity

Seeds of Wisdom RV and Economics Updates Thursday Evening 7-23-26

Good Evening Dinar Recaps,

U.S.-Iran Conflict Begins Reshaping Global Finance as Markets Brace for Wider Economic Impact

Escalating military tensions between the United States and Iran are no longer affecting only the battlefield. Rising energy risks, disrupted shipping, and growing financial uncertainty are increasingly influencing global markets, trade flows, and investor expectations as governments prepare for the possibility of a prolonged regional conflict. 

Overview 

• President Donald Trump indicated that he is weighing additional military options against Iran as tensions remain elevated.

• Reports of continued military activity and threats to key maritime routes are keeping oil markets and investors on edge.

• Financial markets are increasingly pricing in geopolitical risk as higher energy costs could influence inflation, trade, and central bank policy.

Key Developments

1. Conflict Expands Beyond Military Headlines 

While military operations continue to dominate the headlines, the broader economic consequences are becoming increasingly important. Reports of additional U.S. military activity, combined with Iran's continued warnings regarding strategic shipping lanes, have reinforced concerns that the conflict could evolve into a prolonged disruption affecting international commerce.

Although some reports remain unconfirmed by U.S. officials, markets are reacting to the possibility of further escalation rather than waiting for formal announcements.

2. Energy Markets Continue Pricing in Risk 

Oil traders remain focused on the security of the Persian Gulf and surrounding maritime routes. Even without a complete interruption of exports, uncertainty surrounding the Strait of Hormuz and nearby shipping corridors has increased transportation costs, insurance premiums, and volatility throughout global energy markets.

Analysts note that geopolitical risk premiums are once again becoming a significant component of crude oil pricing as traders prepare for potential supply disruptions.

3. Financial Markets Watch Inflation and Interest Rates 

Higher energy prices could complicate monetary policy for central banks. Rising fuel costs have the potential to slow progress on inflation, which could influence future interest-rate decisions by the Federal Reserve and other major central banks.

Investors are closely monitoring whether sustained energy inflation could delay expected monetary easing while increasing volatility across equities, bonds, and digital assets.

4. Global Trade Faces Additional Pressure

Businesses dependent on international shipping continue evaluating alternative supply routes as geopolitical uncertainty grows. Even limited disruptions in key maritime chokepoints can affect delivery schedules, freight costs, and commodity prices far beyond the Middle East.

The situation highlights how regional conflicts can rapidly influence global trade networks and financial markets.

Why It Matters

Financial markets increasingly respond to geopolitical events alongside traditional economic indicators. Rising energy costs, disrupted shipping, and uncertainty surrounding central bank policy can influence inflation, investment decisions, and international capital flows. Even if military operations remain geographically limited, their economic effects can extend worldwide.

Why It Matters to Foreign Currency Holders 

Currency markets often react quickly during periods of geopolitical uncertainty. Prolonged energy disruptions and inflationary pressures could influence interest-rate expectations, reserve management strategies, and capital flows between major currencies. Those following long-term international monetary developments will likely continue monitoring how these events affect global financial stability.

Implications for the Global Reset 

• Pillar 1: Debt

Higher energy costs can contribute to inflation, making it more difficult for governments and central banks to reduce interest rates while increasing borrowing costs across the global economy.

• Pillar 2: Trade

Continued uncertainty surrounding critical shipping routes reinforces the importance of resilient supply chains and may accelerate efforts to diversify trade corridors and reduce dependence on vulnerable maritime chokepoints.

Future Outlook

Markets will closely watch whether diplomatic efforts can reduce tensions or whether additional military actions lead to broader disruptions across energy markets and international trade. Investors are also monitoring how prolonged geopolitical uncertainty may influence inflation, monetary policy, and global economic growth during the second half of the year.

This is not simply about a regional military conflict—it reflects how geopolitical events increasingly influence energy security, global trade, inflation, and the evolving structure of the international financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources 

• Axios — Trump Says He Is Considering Restarting Major Military Operations Against Iran
  ‍ ‍
  ‍ ‍Reuters — Middle East Conflict, Oil Markets and Global Energy Coverage

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Iraq Economic News and Points To Ponder Thursday Afternoon 7-23-26

Oil Climbs Above 1.5% On Gulf Shipping Risks

2026-07-23 01:30   Shafaq News   Oil prices rose more than 1.5% in Asian trade on Thursday to stand at their highest ‌in more than six weeks, as Yemen's Houthis targeted oil tankers in the Red Sea and the United States launched a new round of strikes on Iran.

Brent crude futures rose $2.2 or 2.3%, to $96.27 by 0327 GMT, the highest since June 8, having settled up more than $3 at $94.07 ​in the previous session, just shy of a six-week high.

U.S. West Texas Intermediate crude climbed $1.65, or 1.9%, to $88.48, ​after Wednesday's rise of 3%.

Iran's Revolutionary Guards said an oil tanker caught fire after an explosion ⁠while attempting to follow a route they described as mined, south of the Strait of Hormuz, while two others ​had turned back.

In a statement the Guards said the strait was under their control and "completely closed" while U.S. actions continued in the region, ​warning that no tanker would be allowed to enter or leave without coordination with Iran.

Besides the renewed conflict over control of the key waterway, the Iran-aligned Houthis have opened a new front by threatening to target vessels carrying Saudi oil in the Bab el-Mandeb strait and unveiling ​a naval blockade of Saudi Arabia.

Oil prices are facing a rare risk from simultaneous disruptions at both the Bab ​el-Mandeb and the Strait of Hormuz, said Priyanka Sachdeva, senior market analyst at Phillip Nova.

"Geopolitical premiums have returned, but a sustained (price) rally will ‌require ⁠evidence of prolonged shipping disruptions or meaningful supply outages."

The Houthis said they had carried out a military operation targeting two Saudi oil tankers, and maritime security reports said one of the vessels identified by the group, the Saudi-flagged tanker Encelia, had been hit in the Red Sea.

The Houthis said they had forced about 10 ships to retreat and return after warning vessels ​against sailing to Saudi ports.

Reuters ​could not immediately verify this ⁠account.

The Houthis' naval blockade of Saudi Arabia in the Red Sea threatens to disrupt global energy supplies beyond the Gulf, while Iran's Revolutionary Guards' spokesperson also warned shipping companies that ​the Strait of Hormuz southern route is mined in a post on X.

The new ​threat to Red ⁠Sea passage could interrupt up to 5 million barrels per day of oil supply, and the main route for Gulf oil that bypasses the Strait of Hormuz, said Saul Kavonic, the head of energy research at MST Marquee.

The U.S. military said it completed its 12th ⁠consecutive ​night of attacks on Iran hours after President Donald Trump vowed to ​destroy an Iranian bridge or power plant every time Iran shoots at a ship in the Strait of Hormuz, raising the stakes in the war ​with Iran. (REUTERS) https://www.shafaq.com/en/Economy/Oil-climbs-above-1-5-on-Gulf-shipping-risks7

Basrah Crudes Surge As Global Oil Rallies

2026-07-23 02:54    Shafaq News- Basrah  Iraq’s Basrah crude jumped more than 7% on Thursday, amid gains in global oil markets.

Basrah Heavy crude climbed to $61.86 per barrel, up $4.43, or 7.71%, while Basrah Medium crude rose to $64.16 per barrel, gaining $4.43, or 7.42%.

Brent crude advanced to $96.05 per barrel, up $1.98, or 2.10%, while US West Texas Intermediate crude gained $1.42, or 1.64%, to $88.25 per barrel. OPEC's basket also climbed to $88.50 per barrel, up $2.40, or 2.79%.

Saudi Arabia’s Arab Light crude rose 6.84% to $82.92 per barrel, while UAE Das crude climbed 8.81% to $88.07 per barrel. Qatar Land crude also advanced 8.84% to $87.77 per barrel.

https://www.shafaq.com/en/Economy/Basrah-crudes-surge-as-global-oil-rallies

Iraq’s Iran Imports Drop 55% In Q1 2026

2026-07-23 06:34   Shafaq News- Baghdad  Iraq’s imports from Iran fell nearly 55% in the first quarter of 2026 to $2.3 billion, down from $5.1 billion during the same period last year, according to the Islamic Republic of Iran Customs Administration’s (IRICA) data.

Petroleum gases and other gaseous hydrocarbons remained the largest import category at $351 million, followed by iron and non-alloy steel bars and wire ($159M), fresh apples, pears, and quinces ($78M), ceramic tiles ($77M), plastic household and kitchenware ($60M), and polyethylene polymers ($59M), alongside primary iron and steel products and other industrial and food commodities. https://www.shafaq.com/en/Economy/Iraq-s-Iran-imports-drop-55-in-Q1-2026

Dollar Climbs In Baghdad, Stabilizes In Erbil

2026-07-23 09:37    Shafaq News- Baghdad/ Erbil   The US dollar closed Thursday’s trading mixed in Iraq, hovering around 151,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 150,500 dinars per 100 dollars, up from the morning session’s 150,450 dinars.

In the Iraqi capital, exchange shops sold the dollar at 151,000 dinars and bought it at 150,000 dinars, while in Erbil, selling prices stood at 150,800 dinars and buying prices at 150,700 dinars.

https://www.shafaq.com/en/Economy/Dollar-climbs-in-Baghdad-stabilizes-in-Erbil

Oil Hits Two-Month High After Houthi Tanker Attacks

2026-07-23 09:42   Shafaq News   Oil prices hit their highest in nearly ​two months on Thursday, rising for a fifth day after Yemen's Houthis said they struck two ‌Saudi oil tankers, widening disruption to global oil shipping through both the Red Sea and the Strait of Hormuz.

Brent crude futures were up by $5.83, or 6.2%, at $99.90 a barrel by 1310 GMT after reaching $100 a barrel for the first time since late May.

U.S. West Texas ​Intermediate crude rose $4.41, or 5.08%, to $91.24, exceeding $90 a barrel for the first time since June 11.

"The immediate outlook ​for crude oil remains supportive as markets price a worrying probability of supply interruptions in ⁠a second chokepoint," said Pepperstone research strategist Ahmad Assiri.

Besides the renewed conflict over control of the Strait of Hormuz, ​Yemen's Houthis have opened a new front by targeting vessels carrying Saudi oil in the Bab el-Mandeb strait after stating ​they would impose a naval blockade on shipments from Saudi Arabia.

Houthi militia attacked two Saudi Arabian oil tankers in a military operation, the group said on Thursday, with a Saudi news agency later confirming one of the two vessels was ablaze after an assault while ​sailing in the Red Sea.

Goldman Sachs said Brent might exceed $120 a barrel in the fourth quarter and average $100 next ​year if the Strait of Hormuz remains disrupted through 2027, with further upside if the Bab el-Mandeb strait and Suez Canal also ‌suffer persistent ⁠disruption.

Iran's Revolutionary Guards said an oil tanker caught fire after an explosion while attempting to follow a mined route in the southern area of the Strait of Hormuz near the coast of Oman and that two others had turned back.

The Guards said the strait was under their control and "completely closed" while U.S. actions continued in the region, warning that ​no tanker would be allowed ​to enter or leave without ⁠coordination with Iran.

The U.S. military said it had completed a 12th consecutive night of attacks on Iran, hours after U.S. President Donald Trump vowed to destroy an Iranian bridge or ​power plant every time Iran shoots at a ship in the Strait of Hormuz.

Goldman expects ​oil prices ⁠to retain most of their recent gains through July and August as global inventories continue to decline, supported by lower Middle East production, seasonal summer travel demand and a sharp slowdown in releases of strategic petroleum reserves.

Meanwhile, European diesel margins hit a ⁠record $66.25 a ​barrel on July 17, supported by Russia's diesel export ban following repeated ​Ukrainian attacks on its refineries and concerns over further disruptions to Middle East supplies, and traded as high as $65.30 a barrel on Thursday.   (REUTERS)

https://www.shafaq.com/en/Economy/Oil-hits-two-month-high-after-Houthi-tanker-attacks

MilitiaMan & Crew-IRAQ DINAR UPDATE-“72 Hours That Matter: $200B Deals, Quiet Diplomacy & the REER Path”

MilitiaMan & Crew-IRAQ DINAR UPDATE-“72 Hours That Matter: $200B Deals, Quiet Diplomacy & the REER Path”

7-23-2026

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.

Follow MM on X == https://x.com/Slashn

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=m4_WQUdKGSs

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 7-23-26

Good Afternoon Dinar Recaps,

U.S.-Iran Tensions Escalate as Trump Weighs Military Action and Markets Brace for Wider Conflict

Escalating rhetoric from Washington, reports of new military activity in the Persian Gulf, and rising concerns over global energy supplies are increasing uncertainty across financial markets as investors monitor the risk of a broader Middle East conflict.

Overview

• President Donald Trump said he is seriously considering renewed military operations against Iran, signaling that a decision could come soon.

• Iranian media reported a missile strike near Suza on Qeshm Island, although official U.S. confirmation has not been issued.

• Oil prices and financial markets reacted to rising geopolitical risk, highlighting the growing connection between security developments and the global economy.

Key Developments

1. Trump Signals Possible Major Military Action

President Donald Trump told Axios that he is seriously considering a large-scale military operation against Iran, describing the potential action as larger than previous U.S. operations.

Trump stated that the United States is prepared to act independently if necessary, while adding that Israel would quickly join any coordinated military response if requested.

2. Reports of Strike Near Iran's Qeshm Island

Iran's semi-official Tasnim News Agency reported that a U.S. missile struck a coastal area near Suza on Qeshm Island, prompting local authorities to begin an investigation.

As of publication, U.S. officials have not publicly confirmed the reported strike, making the incident an important but still developing story.

3. Financial Markets React

The possibility of expanded military operations added new volatility to global markets.

Oil prices rose above $100 per barrel as traders priced in additional risks to Middle East energy supplies and shipping routes. Equity markets also weakened as investors shifted toward more defensive positions amid growing geopolitical uncertainty.

4. Diplomatic Outlook Becomes More Uncertain

The latest escalation follows months of intermittent military activity and fragile diplomatic efforts between Washington and Tehran.

While no formal announcement has been made regarding renewed negotiations, the increase in military rhetoric reduces confidence that near-term diplomatic progress can be achieved without additional international mediation.

 Why It Matters

The Persian Gulf remains one of the world's most strategically important energy regions.

Any expansion of military operations involving Iran could affect shipping through the Strait of Hormuz, increase transportation costs, disrupt energy exports, and place additional upward pressure on global inflation.

Why It Matters to Foreign Currency Holders

Energy markets often influence inflation, interest-rate expectations, and currency valuations.

If geopolitical tensions continue pushing oil prices higher, central banks may face renewed pressure to maintain tighter monetary policies, increasing volatility across foreign exchange and global financial markets.

Implications for the Global Reset

• Pillar 1: Debt

Higher energy prices could complicate efforts by central banks to reduce interest rates, increasing borrowing costs for governments and adding pressure to already elevated global debt levels.

• Pillar 2: Trade

Growing security concerns around Middle East shipping routes could disrupt international trade flows, increase transportation costs, and accelerate efforts to diversify global supply chains.

• Pillar 5: Energy

Continued instability surrounding the Persian Gulf reinforces the strategic importance of energy security and alternative transportation routes for global oil and natural gas supplies.

Future Outlook

Markets will closely watch for official confirmation regarding the reported strike on Qeshm Island and any further announcements from Washington or Tehran.

Investors will also monitor whether diplomatic channels remain open or whether military escalation continues, as future developments could significantly influence energy prices, inflation expectations, and global financial market stability.

This is not simply about military tensions—it reflects the broader transformation of the global financial system as energy security, geopolitical risk, and international trade increasingly influence inflation, monetary policy, and economic stability.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Axios — Trump Says He Is Seriously Considering Restarting Major Military Operations in Iran

• Crypto Briefing — US Missile Strikes Iran's Qeshm Island, Escalating Tensions

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US Taxpayers Subsidized The Greatest Heist Of The Cold War. The Grocery Bill Came Later.

US Taxpayers Subsidized The Greatest Heist Of The Cold War. The Grocery Bill Came Later.

Notes From the Field By James Hickman (Simon Black / Sovereign Man)   July 23, 2026  

In the summer of 1972, a Soviet official named Nikolai Belousov stepped off a plane in New York City with a shopping list.

The Soviet Union had just finished its worst harvest in over a decade and was on the verge of starvation... and Belousov was tasked with the nearly impossible mission of buying enough wheat to feed an entire nation.

So he flew to America.

His first meeting was with Michel Fribourg, the head of Continental Grain. The two shook hands and closed a deal for Russia to buy millions of tons of American wheat.

Belousov's next stops were the other biggest grain traders in America: Cargill, Cook, Bunge, Louis Dreyfus, and Garnac.

He worked through every major American grain firm in a matter of weeks— each deal negotiated in complete secrecy... and each firm assumed they were the only American grain house that the Soviets were talking to.

In reality, Belousov was closing deals with all of them.

By the time word got out that the Soviets had been buying from everyone, everywhere, all at once, Belousov had already locked up roughly 440 million bushels of wheat, about a quarter of the entire American crop, for ~$700 million.

And here's the wild part: this was the peak of the Cold War... yet America's staunchest adversary didn't even pay full price for US wheat.

That’s because, for years prior, the US Department of Agriculture had been funding subsidies to make American grain cheaper abroad, covering the gap between the higher domestic price and the lower global price.

So the end result was that the Soviet Union drained American wheat inventory— and that’s when the Law of Supply and Demand kicked in. Wheat prices nearly doubled. Corn prices more than tripled by the following summer. Bread, beef, and eggs all followed.

Yet while Americans were suffering major food inflation at home, the US government was subsidizing the Soviet Union’s wheat purchases to the tune of $300 million in taxpayer funds.

The American taxpayer had financed the largest grain purchase the world had ever seen, for the benefit of its sworn enemy.

Then the second shoe dropped. The following autumn, in October 1973, the Arab oil-producing countries announced an embargo on the United States in response to America backing Israel in the Yom Kippur War.

Consequently, the price of crude oil roughly quadrupled... and it made the food inflation much worse.

Many people don’t realize just how much modern agriculture runs on oil and gas. Nitrogen fertilizer is synthesized from natural gas. Phosphate (another critical fertilizer ingredient) is mined and hauled with diesel. And everything from tractors to grain dryers burns fuel.

Because of the embargo, fertilizer prices more than doubled in 1973 and 1974, and food prices quickly followed. Inflation was eating quite aggressively into consumers’ standards of living.

All of this had a major impact on the stock market; as inflation raged throughout the 1970s, even America’s largest companies suffered. Their earnings shrank (especially when adjusted for inflation) and stock prices went nowhere.

The Dow Jones Industrial Average stock index closed at 1,000 in November 1972... and literally ten years later in November 1982, it was still at 1,000. The market went nowhere over the course of an entire decade.

And adjusted for inflation, of course, most stocks were losers.

The only real winners were REAL ASSET producers— especially gold and energy companies. Gold went from $35 an ounce in the early 1970s to a peak of $850 within a decade— though there were downturns in between.

Gold miners (and silver miners as well) were the best performers of the decade, with the Barron’s Gold Mining Index returning a phenomenal 1,247% in ten years.

Similarly, oil went from about $3 a barrel to nearly $40, and companies like Exxon completely trounced the S&P 500.

More than fifty years later, similar conditions are building again.

The Strait of Hormuz has been effectively closed since late February, except for the tankers Iran waves through from China and its other friends while everyone else waits outside.

Some oil is moving, for sure. But given that about a quarter of the world's sulfur and roughly 15% of its fertilizer exports normally move through that strait, there are significant implications for the agricultural sector.

Many consequences are already on the books.

Urea, the world's most common nitrogen fertilizer, climbed above $850 a tonne this spring, up roughly 80% since February and the highest price since 2022. Sulfur, an essential input for phosphate fertilizer, has doubled since January to record levels.

And in a recent American Farm Bureau survey, 70% of farmers said they cannot afford all the fertilizer they need this season.

Here's why that matters: spring planting is over. Farmers either paid those high fertilizer prices... or they skimped. And skimping means smaller harvests this fall.

Either way, higher food prices are already locked in. The shock has already happened. The impact just hasn’t been felt yet in the grocery stores because the harvest hasn’t taken place yet.

Meanwhile, agricultural markets are trading as if nothing has changed. Crop prices haven't come close to keeping pace with energy and fertilizer costs, and governments are already hoarding: China has temporarily banned phosphate fertilizer exports to keep supplies at home.

The last time this happened, the people who owned fertilizer production made money. Everyone else just got the grocery bill.

The featured research in Schiff Sovereign's investment newsletter, Strategic Assets, already includes a potash producer, a phosphate producer, and a palm oil grower, and we're watching a fantastic fertilizer company for the right entry point.

Our palm oil grower has nearly doubled since we published the research. The potash producer is up more than 16%... with a lot more room to grow. Our phosphate producer, which we recently featured, is still trading inside our suggested buy range.

To your freedom,   James Hickman    Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/investing/us-taxpayers-subsidized-the-greatest-heist-of-the-cold-war-the-grocery-bill-came-later-155507/?inf_contact_key=8cd7ad83678493f71c22eed58f86b402464dbfbc1801014bcbec243a32905af2

Seeds of Wisdom RV and Economics Updates Thursday Morning 7-23-26

Good Morning Dinar Recaps,

Global Bond Markets Jolt as Oil Surge Revives Inflation and Rate Hike Fears

Rising oil prices driven by escalating Middle East tensions are rippling through global financial markets, pushing government borrowing costs higher and forcing investors to reassess expectations for central bank interest-rate decisions.

 Overview

• Oil prices climbed toward $100 per barrel as conflict in the Middle East disrupted major shipping routes and heightened concerns over global energy supplies.

• Government bond yields surged worldwide as investors priced in renewed inflation risks and the possibility that central banks may delay or reverse expected interest-rate cuts.

• Financial markets are increasingly shifting from geopolitical concerns to the economic consequences of higher energy costs and tighter monetary policy.

Key Developments

1. Oil Prices Drive Inflation Concerns Higher

Brent crude rose to its highest level in weeks as continued disruptions near the Strait of Hormuz and Bab el-Mandeb Strait threatened a significant portion of global energy shipments.

Higher oil prices immediately reignited concerns that inflation could remain elevated longer than previously expected, reversing expectations that central banks would soon begin easing monetary policy.

2. Global Bond Markets Sell Off

Investors responded by selling government bonds across major economies, pushing yields sharply higher.

Germany's 10-year government bond yield climbed to levels not seen since the European debt crisis, while U.S., British, and several other sovereign bond markets also experienced significant increases in borrowing costs as investors adjusted to the possibility of prolonged inflation.

3. Central Banks Face Renewed Pressure

Markets are increasingly questioning whether the Federal Reserve and the European Central Bank will be able to reduce interest rates as quickly as previously anticipated.

Higher energy costs could force policymakers to keep monetary policy tighter for longer in order to contain inflation, even as economic growth slows.

4. Investors Shift Toward Defensive Positioning

The renewed inflation outlook has increased market volatility as investors reassess equities, bonds, commodities, and currencies.

Financial markets are now balancing geopolitical risks alongside monetary policy expectations, with energy prices becoming one of the primary drivers of global asset pricing.

 Why It Matters

Energy prices remain one of the most important drivers of global inflation.

As oil becomes more expensive, transportation, manufacturing, agriculture, and consumer prices often follow, making it more difficult for central banks to lower interest rates. The result is higher borrowing costs for governments, businesses, and households worldwide.

Why It Matters to Foreign Currency Holders

Interest-rate expectations are among the largest influences on global currency markets.

If central banks delay rate cuts because of persistent inflation, currency valuations, sovereign debt markets, and international capital flows could remain volatile while nations continue adjusting to changing economic conditions.

Implications for the Global Reset

• Pillar 1: Debt

Higher interest rates increase borrowing costs for governments already carrying historically high debt levels, placing additional pressure on fiscal budgets worldwide.

• Pillar 5: Energy

Continued instability around critical energy shipping routes demonstrates how geopolitical events can rapidly influence inflation, monetary policy, and economic growth across the global financial system.

Future Outlook

Markets will closely monitor developments in the Middle East for any signs that shipping disruptions may ease or expand further. Investors will also watch upcoming statements from the Federal Reserve and European Central Bank for indications that rising energy prices are influencing future monetary policy decisions.

Should oil prices remain elevated, expectations for additional interest-rate hikes—or a prolonged period of higher rates—could continue reshaping global investment strategies, government borrowing costs, and financial market performance.

This is not simply about higher oil prices—it reflects the broader transformation of the global financial system as energy security, inflation, debt, and central bank policy become increasingly interconnected.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — Oil Price Surge Reignites Inflation Worries Ahead of ECB Meeting

• Reuters — Oil Price Surge Drives Global Bond Sell-Off

~~~~~~~~~~

 🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:   • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Follow the Gold/Silver Rate COMEX

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Thursday Morning 7-23-26

Al-Hurra Website: Al-Zaidi Will Try In Tehran To Convince The Iranians That Iraq Is Capable Of Helping To De-Escalate Tensions    

Latest News Wednesday,  July 22, 2026   Baghdad - One News - The US-based Al-Hurra website reported that Prime Minister Ali Faleh al-Zaidi received what a source close to him described as indirect “American support,” after Washington informed him that it welcomed any step he takes to calm the situation in the region.  

The website added that al-Zaidi will test the limits of this welcome during his anticipated visit to Tehran at the end of this week, which was announced by the Iraqi Foreign Ministry, where he will try to convince Iran that Iraq is capable of helping to reduce the escalation.  

He noted that the Prime Minister will also discuss the issue of armed factions with Tehran, at a time when he is facing pressure from Washington to restrict weapons to the state.  

He pointed out that any Iraqi attempt to mediate or convey messages between Washington and Tehran is gaining added sensitivity in light of the stalled de-escalation process and regional competition for mediation roles.  

https://1news-iq.net/موقع-الحرة-الزيدي-سيحاول-في-طهران-إقنا/

  The Central Bank Is Exploring Ways To Develop The Exchange Companies Sector

The Governor of the Central Bank of Iraq, Mr. Nizar Nasser Hussein, discussed with a number of company directors and board chairmen of exchange companies ways to develop the sector’s business and enhance its role in supporting the national economy.

  His Excellency the Governor affirmed the Central Bank of Iraq’s keenness to revitalize the exchange companies sector and enable it to perform its role more effectively, pointing to the importance of cooperation in addressing challenges and developing the non-banking financial sector.  

The Governor indicated that the next phase will witness the launch of new initiatives and activities to expand the scope of work of exchange companies and create new revenue opportunities, which will enhance their role in supporting the national economy and implementing initiatives that contribute to the development of the sector and raise the levels of compliance and governance.  

He added that the commitment of exchange companies to these international standards represents a fundamental pillar for enhancing the efficiency of the sector and raising the levels of confidence in it, as well as enabling companies to expand the scope of their activities and develop their services, calling for the continuation of holding their periodic meetings.  

Baghdad - Media Office,   July 22, 2026   https://cbi.iq/news/view/3271

Al-Mada: Forces Within The Coordination Framework Consider Al-Zaidi's Rapprochement With Trump A "Betrayal" Of The Late Iranian Supreme Leader

 7/22/2026   Baghdad - One News - Al-Mada newspaper reported that Prime Minister Ali Faleh al-Zaidi is facing, behind closed doors, major objections from his partners in the Shiite coalition, foremost among them the results of his recent visit to Washington.  

The newspaper quoted two cross-referenced political sources in the Shiite alliance as saying that the new relationship with the United States has become, for some leaders of the coordinating framework, like a “bitter medicine” that must be swallowed, while Tehran watches the scene from behind the scenes and sends warning messages.  

She added that leaders within the coordination framework are still hesitant to get closer to Washington, considering it, in their view, “a betrayal of the legacy of the Iranian Supreme Leader” who was killed by the United States in the last war.  

https://1news-iq.net/المدى-قوى-بالإطار-التنسيقي-تعتبر-تقار/

Iraq's Ruling Coalition To Discuss Lifting Political Immunity In Corruption Cases

 7/22/2026  Shafaq News- Baghdad   Iraqi Prime Minister Ali Al-Zaidi is expected to meet leaders of the Shiite ruling Coordination Framework to discuss mechanisms for removing political protection from officials accused of corruption, informed sources told Shafaq News on Wednesday.  

The meeting, originally scheduled for Wednesday evening, may be postponed until after Al-Zaidi's visit to Tehran, the sources said. The discussions are also expected to cover files involving 12 prominent political and party figures accused of illicit enrichment and misuse of public funds, the sources said. Participants are expected to discuss measures to recover public funds through legal channels, including the possible use of Interpol notices in cases involving suspects outside Iraq.  

According to the sources, the previous Coordination Framework meeting exposed divisions over the issue after allegations emerged involving senior political figures.  

Iraq launched Dawn Crackdown (Sawlat Al-Fajr), the anti-corruption campaign on June 28, which has targeted current and former officials, lawmakers and business figures. Authorities have also announced preparations for a second phase focusing on corruption cases in the health, oil and electricity ministries, alongside efforts to trace assets inside and outside Iraq.

  Read more: Iraq's Dawn Crackdown by numbers: 67 arrests explained   

https://www.shafaq.com/en/Iraq/Iraq-s-ruling-coalition-to-discuss-lifting-political-immunity-in-corruption-cases

Al-Mada: The Anti-Corruption Campaign Faces “Framework” Accusations That It Is Part Of A Broader Battle To Reduce Iranian Influence

latest news Wednesday, July 22, 2026   Baghdad - One News    Al-Mada reported that the anti-corruption campaign is facing accusations that it is part of a broader battle to reduce Iranian influence, particularly given the overlap of money and networks of interests with entities linked to the Revolutionary Guard.  

The newspaper added that parties (IRI faction parties) within the coordination framework accuse the government of targeting a specific political entity in pursuing corruption cases, while leaving other cases that they describe as more dangerous.  

She noted that these concerns were present in the latest statement of the Coordination Framework, which called for the inclusion of all those involved, regardless of their affiliations, to ensure the integrity of the anti-corruption campaign, stressing that it would not protect any official whose guilt is proven, in a reference that seemed related to the controversy surrounding the leader Ahmed Al-Asadi.  

The newspaper noted that the leader in the framework, Amer Al-Fayez, retracted statements that had sparked controversy regarding Ahmed Al-Asadi and Hussein Mounes, after he spoke about them being fugitives and wanted men.  

https://1news-iq.net/المدى-حملة-مكافحة-الفساد-تواجه-اتهاما/

The Anti-Corruption Shockwave Has Led To The Dismissal Of Deputy Prime Ministers. A Leader In The Coordination Framework Told One News: "The Reactivation Of The Commander-In-Chief's Office Stemmed From Al-Zaydi's Conviction That Reaching An Agreement Soon

Baghdad - One News - 7/22/2026   A leader in the coordination framework, who preferred not to mention his name, revealed to “One News” a political agreement stipulating that no new positions for deputy prime ministers will be created during the current phase, in a remarkable shift imposed by the anti-corruption campaign led by the government of Prime Minister Ali al-Zidi, and the wide repercussions it has had within the political scene.  

The leader said that the anti-corruption campaign has reshuffled the cards of the political forces, and has prompted a number of blocs, especially those with armed wings, to back down from demands that they considered part of their electoral entitlement, most notably the creation of positions for deputy prime ministers and obtaining additional executive positions within the government.  

He added that this decline does not represent a passing political settlement, but rather reveals the magnitude of the shock caused by anti-corruption measures within forces that were seeking to expand their influence in state institutions, before they were forced to recalculate under the pressure of expanding investigations and escalating possibilities of prosecution.  

Meanwhile, the leader revealed that the Iraqi government's reactivation of the Office of the Commander-in-Chief of the Armed Forces, after nearly 12 years of its abolition, came as a result of a conviction that had taken root in Prime Minister Ali al-Zaidi that it was impossible to reach a political consensus soon regarding the candidates for the Ministries of Interior and Defense.  

He explained that assigning former Interior Minister Abdul Amir al-Shammari to the duties of the office director reflects a trend to rearrange the security leadership center, in light of expectations that the two ministries will remain vacant for the coming months due to the continuation of political disputes, the complexity of the nomination conditions, and the failure to reach a final understanding regarding the proposed names.  

According to the leader, Al-Zaydi is seeking, through reactivating the office of the Commander-in-Chief, to prevent any vacuum in the management of the security establishment, and to concentrate security and military decisions within his office, in order to ensure the continuity of issuing orders, coordinating the work of agencies and forces, and managing sensitive files away from the repercussions of the delay in completing the cabinet.  

He explained that the delay in deciding on the Ministries of Interior and Defense is due to two main factors: the first is the existence of an American veto on some blocs that are trying to push forward candidates to take over the two security ministries, and the second is the continuation of the conflict between the political forces, especially the Shiite ones, regarding the distribution of portfolios, the names of the candidates, and the limits of influence within the military and security institutions.  

The leader stressed that reactivating the Commander-in-Chief's office is not a traditional administrative procedure, but rather establishes a broader transformation in the security decision-making structure, by redrawing the leadership pyramid at a highly sensitive stage, and placing the Prime Minister's office at the heart of managing military and security files until the fate of the Ministries of Interior and Defense is decided.  

https://1news-iq.net/صدمة-مكافحة-الفساد-تُسقط-مناصب-نواب-رئ/

Thursday Iraq News Posted by Tishwash 7-23-2026

TNT:

Tishwash:  The Central Bank Governor announces new initiatives to expand the operations of exchange companies.

The Governor of the Central Bank of Iraq, Nizar Nasser Hussein, met today, Wednesday, July 22, 2026, with a number of directors and board chairmen of exchange companies to discuss ways to develop the sector's operations and enhance its role in supporting the national economy.

According to a statement issued by the Central Bank and received by Mawazin News, Governor Hussein emphasized the Central Bank's commitment to revitalizing the exchange company sector and enabling it to play a more effective role. He also noted the importance of cooperation in addressing challenges and developing the non-banking financial sector.

He indicated that the coming period will witness the launch of new initiatives and activities to expand the scope of work of exchange companies and create new revenue opportunities, thereby strengthening their role in supporting the national economy and implementing initiatives that contribute to the sector's development and raise compliance and governance standards.

Hussein stressed that the commitment of exchange companies to these international standards is a fundamental pillar for enhancing the sector's efficiency and increasing public trust in it, as well as enabling companies to expand their activities and develop their services. He called for the continuation of their periodic meetings.  link

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Tishwash:  Central Bank of Iraq Outlines Roadmap to Reduce Cash Reliance and Expand Digital Services

The Central Bank of Iraq (CBI) held an expanded meeting on Tuesday with licensed electronic payment providers to accelerate the nation’s digital financial transformation, strengthen financial inclusion, and curb card misuse.

Chaired by CBI Governor Nizar Nasser Hussein, the meeting centered on executing the regulator’s strategic roadmap to modernize Iraq’s payment ecosystem and transition away from a cash-heavy economy.

Addressing representatives from the sector, Al-Alaq stated that the upcoming phase demands a noticeable increase in service quality, efficiency, and system reliability to build public trust in digital transactions.

Key Objectives and Strategic Focus

During the session, the central bank outlined several operational and regulatory priorities:

Compliance with Global Standards: The CBI urged payment firms to adhere strictly to international frameworks, particularly regarding cross-border financial transactions. Compliance is expected to enable higher card transaction limits and facilitate the rollout of new financial products.

Countering Card Misuse: Regulators and payment companies discussed joint enforcement procedures to prevent card misuse and enhance payment network security.

Expanding Acceptance Networks: Al-Alaq called on providers to expand POS (Point-of-Sale) acceptance networks, streamline digital collection processes, and deepen integration with licensed commercial banks.

The initiative comes as part of broader government efforts to modernize the national economy, reduce cash dependency, and implement modern financial infrastructure across both the public and private sectors.  link

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Tishwash:  Iraqi Money Exchange Syndicate: Dollar smugglers are linked to criminal networks

 Iraqi Money Exchange Syndicate: Dollar smugglers are linked to criminal networks

The head of the General Syndicate of Exchange and Financial Mediation in Iraq, Diaa Al-Tai, provided clarification regarding the arrest of dollar smuggling networks, stressing that “criminal networks” are the ones carrying out the illegal activities, and that official companies are not responsible for them.

Al-Ta’i told Rudaw Media Network on Wednesday (July 22, 2026) that “the issues being discussed relate to criminal networks operating outside the law. These people do not represent in any way licensed financial institutions or exchange companies that are subject to the supervision of the Central Bank of Iraq.”

The Iraqi National Security Service announced on the 19th of this month the arrest of a network that smuggled more than one million dollars between Baghdad and Sulaymaniyah via Mastercard, in addition to the arrest of several other groups in Kirkuk, Basra and Nineveh.

Al-Ta’i added: “Licensed companies are fully committed to implementing the instructions and combating money laundering and terrorist financing, and they are subject to continuous monitoring and auditing.”

Regarding the Central Bank’s decision to reduce the dollar quota for travelers from $3,000 to $2,000, the head of the union explained that “this measure does not mean there is a shortage of foreign currency reserves, but rather comes within the framework of the Central Bank’s policy to develop mechanisms for selling foreign currency and encourage the use of electronic payment, in line with best international banking practices.”

Al-Ta’i expressed the readiness of exchange companies to cooperate with security agencies, saying: “Licensed companies are fully committed to the instructions of the Central Bank and are ready for all forms of coordination with regulatory and security authorities to confront any illegal activity, with the aim of protecting market stability and preserving the national economy.”  link

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Tishwash:  "The stick and the carrot": Al-Zaydi puts pressure on the factions and compensates his allies with positions.

The Washington trip brought in investments, but it opened the account book with "the framework".

Behind closed doors, Iraqi Prime Minister Ali al-Zaidi is facing three major objections from his partners in the Shiite coalition. His recent trip to Washington heads the list, while the weapons issue is approaching its most difficult test, and the anti-corruption campaign is turning into a battle for political influence.

Two political sources within the Shiite coalition say that the new relationship with the United States has become, for some leaders of the Coordination Framework, like “bitter medicine” that must be swallowed—while Tehran watches from behind the scenes and sends warning messages.

Al-Zaidi returned to Baghdad last Sunday after a controversial five-day visit to Washington, his first since taking office. On his way back, he made a brief stop in Qatar. He is scheduled to travel to Tehran tomorrow in a trip heavy with issues and more questions than answers.

The “victory leaders” held a meeting at the home of Nouri al-Maliki, leader of the State of Law Coalition. During the Coordination Framework gathering, objections were raised—though not made public—regarding what transpired during al-Zaidi’s meeting with U.S. President Donald Trump, according to a source close to the matter who spoke to Al-Mada.

Some leaders objected to the Prime Minister’s failure to respond to Trump’s remarks about the “leaders of victory,” a clear reference to the 2020 assassination of Qassem Soleimani and Abu Mahdi al-Muhandis.

Conversely, another faction within the Framework—often described as the centrist wing—believed that responding to the American president was unrealistic at that moment. They argued that al-Zaidi had wisely chosen to look toward the future rather than dwell on the past.

This stance angered analysts close to the Coordination Framework. One went so far as to demand that “al-Zaidi should hit Trump,” reflecting the depth of their disapproval.

For other parties in the Framework, the issue goes beyond how Trump was handled. While securing American investments is desirable, it cannot be achieved, they say, without neutralizing armed groups linked to the Iranian Revolutionary Guard. In the past five days alone, two foreign energy companies operating in the Kurdistan Region suspended operations after attacks believed to be linked to Iran and possibly involving local factions.

Major American companies, such as Lockheed Martin and ExxonMobil, have previously left Iraq at times due to attacks by armed groups and security risks.

In contrast, al-Zaidi returned from Washington with agreements and investment pledges totaling $60 billion in the energy, development, and education sectors. However, analysts warn that these investments may remain largely symbolic if the prime minister fails to meet American conditions regarding ending Tehran’s influence and curbing the power of armed groups.

Araghchi tries to contain the fallout in Tehran

Iranian Foreign Minister Abbas Araghchi has tried to limit the damage caused by remarks from Ali Akbar Velayati, an advisor to Iran’s Supreme Leader. Velayati described al-Zaidi’s visit to the United States as “a regrettable and ill-timed trip, insulting to the struggles of the Iraqi people throughout their millennia-long history,” and called the Iraqi prime minister “young and inexperienced.”

The visit comes as the region is engulfed in open conflict. For the past ten days, the United States has carried out successive strikes on Iranian military command centers, naval assets, missile and drone sites, and air defense systems. Iran has retaliated by attacking targets in Jordan, the Gulf states, and the Kurdistan Region, including weapons depots, Iranian opposition groups, military bases, and the U.S. consulate in Erbil.

Against this backdrop, al-Zaidi is expected to arrive in Tehran on Thursday for his first visit since assuming office more than two months ago.

Weapons: The Test That Could Fracture the Shia Alliance

A leader in a Shia party told Al-Mada that the smuggling of weapons to Syria—revealed last week—and the continued existence of weapons outside state control threaten to undermine the gains from al-Zaidi’s Washington trip.

The recent Coordination Framework meeting discussed weapons and dollar smuggling, as well as the disarmament of factions, amid warnings against deeper partnership with Syria. Some members still have reservations about cooperating with Ahmed al-Sharaa, whom al-Zaidi is expected to meet this July.

The weapons issue has opened another front of objection. Some voices within the Framework claim the campaign has political motives aimed at sidelining certain groups. In response, the government’s military spokesperson, Sabah al-Nu’man, stated that Prime Minister al-Zaidi’s vision for regulating weapons stems from a “paternal and patriotic” perspective aimed at protecting Iraqi security. He emphasized that the effort is not intended to harm any party but to unify national efforts.

Government spokesman Haider al-Aboudi added that restricting weapons to the state is a “sovereign Iraqi matter,” rejecting suggestions that it is part of an American agenda.

Meanwhile, Baghdad is searching for ballistic missiles that no faction publicly acknowledges possessing. Armed groups deny their existence, while Washington insists they were acquired from Iran—a claim Tehran denies.

The weapons issue is expected to dominate al-Zaidi’s upcoming discussions in Tehran. Officially, Baghdad says it is carrying out a mediation mission between Tehran and Washington, though some sources suggest the prime minister may also be carrying a direct message from President Trump.

From Weapons to Corruption: Another Front in the Battle

The anti-corruption campaign faces similar accusations of political targeting. Analysts see it as an effort to curtail Iranian influence, given the deep entanglement of funds and interests linked to the Revolutionary Guard.

Some Coordination Framework members accuse the government of selectively targeting one political faction while ignoring more serious cases. In response, the Framework issued a statement calling for all those involved to be held accountable, regardless of affiliation, and stressed it would not protect any guilty officials.

This controversy is linked to figures such as Ahmed al-Asadi. The campaign appears to be reaching high political levels, possibly even former prime ministers, which has fueled growing dissent.

Leaders within the Framework have criticized the use of tanks to arrest members of parliament inside the Green Zone and have demanded investigative committees. Many parliamentarians view the arrests as an “insult” to the legislature.

Sources say al-Zaidi is using a “carrot and stick” approach: applying pressure on weapons and corruption while preserving the privileges and appointments of political forces.

In this context, al-Zaidi reportedly reactivated the Office of the Commander-in-Chief— a position abolished twelve years ago—appointing former Interior Minister Abdul Amir al-Shammari, a close ally of former Prime Minister Mohammed Shia al-Sudani.

The anti-corruption campaign has hit al-Sudani’s circle particularly hard, with nine members of his team reportedly arrested. There are also major accusations surrounding the detained deputy oil minister, Adnan al-Jumaili.

To balance relations, al-Zaidi has granted advisory positions to figures from the Badr Organization and Asa’ib Ahl al-Haq. However, Asa’ib Ahl al-Haq faces a significant challenge, as Washington has so far refused to allow it any ministerial posts. This dispute is delaying the formation of the government, which still has nine vacant ministerial positions.

Badr Organization member Abu Mithaq al-Masari told Al-Mada that al-Zaidi might be prepared to govern with a reduced cabinet of just 14 ministers for the remainder of his term if necessary. He noted that each vacant ministry has its own separate complications, particularly the Interior Ministry, where disputes continue over who has the right to nominate candidates.  link

Seeds of Wisdom RV and Economics Updates Wednesday Evening 7-22-26

Good Evening Dinar Recaps, 

CLARITY Act Advances as Senate Negotiations Move U.S. Closer to a National Digital Asset Framework

Bipartisan negotiations over the CLARITY Act continued this week as lawmakers released a revised draft containing ethics provisions, moving the United States another step toward comprehensive regulation of digital assets and blockchain-based financial markets.

 Overview

• The Senate released a revised CLARITY Act draft that includes new ethics restrictions for senior government officials involved with digital assets.

• Negotiations between Republicans, Democrats, and the White House continue as lawmakers work toward bipartisan support before Congress begins its August recess.

• If enacted, the legislation would establish the first comprehensive U.S. regulatory framework governing digital asset markets and provide greater legal certainty for investors and financial institutions.

Key Developments

1. Senate Releases Updated CLARITY Act

Senate Republicans introduced an updated version of the Digital Asset Market Clarity Act (CLARITY Act) following several days of bipartisan negotiations.

The revised legislation includes new ethics provisions that would prohibit the President, Vice President, Members of Congress, federal judges, and certain immediate family members from issuing or sponsoring crypto assets while in office. Covered officials would also be required to divest qualifying digital asset holdings or place them into approved blind trusts. The ethics restrictions would remain in effect through January 20, 2029.

2. Ethics Agreement Moves Bill Forward

One of the largest obstacles facing the legislation has been concerns over potential conflicts of interest involving elected officials and cryptocurrency investments.

President Donald Trump agreed to the inclusion of ethics provisions, allowing negotiations to move into the next phase. While lawmakers from both parties continue discussing enforcement mechanisms and final language, the revised draft represents significant progress toward bipartisan compromise.

3. Additional Safeguards Added

The newest version of the bill also strengthens provisions addressing anti-money laundering, illicit finance, and law enforcement oversight.

The changes respond to concerns raised by financial regulators and law enforcement agencies that digital asset legislation should preserve the government's ability to investigate criminal activity while encouraging responsible innovation.

4. Final Senate Vote Still Uncertain

Although negotiations continue, several Democratic lawmakers have indicated they want additional revisions before supporting the legislation.

The Senate must secure sufficient bipartisan support to advance the bill before lawmakers leave for the August recess. Market participants continue watching negotiations closely because the legislation could significantly influence future digital asset regulation within the United States.

Why It Matters

The CLARITY Act represents one of the most significant efforts to establish clear federal rules governing cryptocurrencies, blockchain technology, and digital asset markets.

For years, uncertainty surrounding regulatory jurisdiction has slowed institutional investment and complicated compliance for financial firms. A comprehensive legal framework could provide greater confidence for banks, asset managers, payment companies, and technology firms seeking to participate in the digital asset economy.

 Why It Matters to Foreign Currency Holders

Clear U.S. digital asset regulations may accelerate broader adoption of blockchain-based payment systems, tokenized assets, and regulated stablecoins that increasingly support international financial transactions.

As major economies establish legal frameworks for digital finance, the modernization of global payment systems could influence future cross-border settlements, reserve assets, and international monetary infrastructure.

Implications for the Global Reset

• Pillar 2: Trade

Clear digital asset regulations could improve cross-border financial transactions, strengthen international payment networks, and reduce uncertainty surrounding blockchain-based commerce.

• Pillar 4: Technology

The CLARITY Act represents another major step toward integrating blockchain technology into the regulated financial system, supporting innovation while establishing consistent legal standards for digital assets.

Future Outlook

Attention now turns to continued Senate negotiations as lawmakers work to finalize bipartisan language before the August recess. If Congress reaches agreement, the CLARITY Act could become the first comprehensive federal law defining how digital assets are regulated within the United States.

Passage would likely provide greater certainty for financial institutions, encourage additional institutional participation in blockchain markets, and influence how other countries develop their own digital asset regulatory frameworks.

This is not simply about cryptocurrency regulation—it reflects the broader transformation of the global financial system as governments establish the legal and technological foundations for the next generation of digital finance.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CoinGape — Senate Republicans Release New CLARITY Act Draft With Ethics Provision

• U.S. Senate (Sen. Cynthia Lummis) — Digital Asset Market Clarity Act (Draft Text)

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Wednesday Evening7-22-26

Oil Prices Climb To Five-Week High On US-Iran Conflict

2026-07-22 01:18    Shafaq News   Oil prices extended gains on Wednesday as fears of further supply disruptions intensified after U.S. forces struck Iranian military targets for the 11th straight night, while oil tankers made U-turns in the Red Sea after warnings by Iran-backed Houthi militia.

Brent crude futures rose $1, or 1.1%, to $92.01 a barrel at 0330 GMT. U.S. West Texas Intermediate crude climbed 82 cents, or 1.0%, to $85.16.

The gains came after oil settled at a five-week high on Tuesday in the wake of U.S. forces striking targets in southern and western Iran, while Iran attacked U.S. facilities in Bahrain, Kuwait and Jordan.

The U.S. military said it began its latest strikes on Iran late on Tuesday in the United States, or ⁠early Wednesday in Iran. The U.S. attacks came a short while after the Kuwaiti army said its air defences were intercepting Iranian drones on Wednesday.

The constant trading of strikes have raised fears of further disruptions to global energy supplies after Yemen's Iran-aligned Houthis opened a new front in the Iran war by threatening to target vessels carrying Saudi oil in the Bab el-Mandeb Strait and announcing a naval blockade of Saudi Arabia.

The Bab el-Mandeb waterway at the southern entrance to the Red Sea has become an increasingly important route for Saudi crude exports as traffic through the Strait of Hormuz has fallen sharply since a ceasefire between the United States and Iran ⁠collapsed earlier this month.

Three oil tankers loaded with Saudi crude for China and India made U-turns in the Red Sea on Tuesday, heading towards the Suez Canal rather than braving the Yemeni coast following a warning from Yemen's Iran-aligned Houthi militia.

"This would force tankers to enter and exit the Red Sea via the Suez Canal, adding significant time and expense to ⁠voyages to Asia," said ING commodity strategists on Wednesday, adding that tensions in the Black Sea also added to supply uncertainty.

The Caspian Pipeline Consortium has stopped receiving oil from Kazakhstan after suspending loadings on Monday due to attacks on oil tankers ⁠at its Black Sea terminal blamed on Ukrainian drones. Ukraine has not commented on the attacks.

"The longer the suspension drags on, the greater the likelihood that Kazakhstan will be forced to curb upstream production," said ING.

Meanwhile, data from the ⁠American Petroleum Institute showed that U.S. crude and distillate inventories rose last week, while gasoline stockpiles fell, market sources said. The inventory data comes ahead of official figures from the U.S. Energy Information Administration on Wednesday.   (Reuters)

https://www.shafaq.com/en/Economy/Oil-prices-climb-to-five-week-high-on-US-Iran-conflict 

Basrah Crude Prices Climb With Global Oil Rally

2026-07-22 02:29   Shafaq News- Basrah   Iraq’s Basrah crude prices rose more than 4% on Wednesday, tracking gains in global oil markets after the United States and Iran exchanged strikes, according to oil price data reviewed by Shafaq News.

Basrah Heavy crude increased by $2.54, or 4.63%, to $57.43 per barrel, while Basrah Medium crude climbed 4.44% to $59.73 per barrel.

Global benchmarks also moved higher, with Brent crude gaining $1, or 1.1%, to $92.01 a barrel. US West Texas Intermediate (WTI) rose 82 cents, or 1.0%, to $85.16.

Among Arab OPEC grades, Kuwait Export crude recorded the largest increase, rising by $5.14, or 6.25%, to $87.39 a barrel. Saudi Arabian Light crude advanced by $3, or 4.02%, to $77.61 a barrel, while the UAE’s Das crude rose to $80.94 a barrel.

https://www.shafaq.com/en/Economy/Basrah-crude-prices-climb-with-global-oil-rally-5

Gold Rebounds To Two-Week High On Middle East Friction

2026-07-22 03:32 Shafaq News  Gold rose to a two-week high on Wednesday on technical buying as investors assessed the widening Middle East conflict and awaited the U.S. Federal Reserve meeting next week for clues on the interest rate outlook.

Spot gold climbed 0.9% to $4,112.70 per ounce by 0705 GMT, having hit its highest level since July 7 earlier in the day. U.S. gold futures ⁠for August delivery jumped 1% to $4,116.90.

Escalating tensions in the Middle East have lifted oil prices and stoked inflation concerns, strengthening expectations of interest rate hikes that led gold to its steepest weekly drop since early June last week.

"Buyers have been stepping in seeking a value play after the recent pullback, while hopes for diplomatic progress between the U.S. and Iran are also assisting price moves," said Tim Waterer, chief market analyst at KCM Trade.

U.S. Secretary of State Marco Rubio said on Wednesday that Washington is still ⁠willing to negotiate an end to the Iran crisis but Tehran is not serious about talks.

Three oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-aligned Houthis, raising concerns about energy supply.

The Fed will keep its key ⁠interest rate steady for the rest of 2026, according to a Reuters poll, although a majority of those who answered a separate question about the chance of a hike this year described the ⁠likelihood as "high", a reversal from last month when most saw it as "low".

Higher-for-longer interest rates increase the opportunity cost of holding non-yielding bullion.

Among other metals, spot silver was ⁠up 0.7% at $59.18 per ounce after reaching its highest point since July 10 earlier in the day.

Platinum climbed 1.2% to $1,649.03 and palladium rose 1.5% to $1,300.58.  (Reuters)

https://www.shafaq.com/en/Economy/Gold-rebounds-to-two-week-high-on-Middle-East-friction

Dollar Edges Up In Baghdad And Erbil

2026-07-22 04:25 Shafaq News- Baghdad/ Erbil  The US dollar opened Wednesday’s trading higher in Iraq, hovering around 150,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 150,250 dinars per 100 dollars, up from the previous session’s 149,600 dinars.

In the Iraqi capital, exchange shops sold the dollar at 150,750 dinars and bought it at 149,750 dinars, while in Erbil, selling prices stood at 150,750 dinars and buying prices at 150,650 dinars.

https://www.shafaq.com/en/Economy/Dollar-edges-up-in-Baghdad-and-Erbil-0

Everything About To Be RESET? | Michael Pento

Everything About To Be RESET? | Michael Pento

Liberty and Finance:  7-21-2026

Michael Pento, active money manager and founder of PentoPort.com, joins Liberty & Finance to explain why he believes the next recession could trigger a prolonged period of poor returns for traditional stock and bond investors.

He outlines how automatic federal deficits, renewed monetary expansion, and deeply overvalued asset markets could combine to reshape the financial landscape.

Pento also discusses why he sees gold, silver, and mining stocks as potential beneficiaries if policymakers respond with another wave of money creation.

The conversation covers the AI investment boom, the risks facing retirement portfolios, and the possibility of a major reset in stocks, real estate, and credit markets. Is a "lost decade" for investors approaching, or will policymakers find another way to postpone the reckoning?

INTERVIEW TIMELINE:

0:00 Intro

1:30 Lost decade coming

12:30 Interest hikes

17:20 Warning signs of collapse

28:45 Data centers

https://www.youtube.com/watch?v=n-4XSZds2N0

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 7-21-26

 Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 7-21-26

Good Afternoon Dinar Recaps,

U.S.-Iran Conflict Expands as Dual Shipping Crisis Pushes Oil to Five-Week High

Military escalation between the United States and Iran is now disrupting two of the world's most critical energy corridors, driving oil prices sharply higher and increasing pressure on global inflation, trade, and financial markets.

 Overview

• Oil prices climbed to a five-week high after Iran-backed Houthis expanded maritime threats beyond the Strait of Hormuz to the Bab el-Mandeb Strait.

• President Donald Trump warned that future attacks on commercial shipping could trigger direct strikes on Iranian infrastructure, raising fears of broader regional conflict.

• The disruption of two strategic shipping lanes is increasing concerns over inflation, interest rates, and the stability of global energy markets.

Key Developments

1. Conflict Expands to Two Global Energy Chokepoints

The conflict has widened beyond the Strait of Hormuz, with Iran-backed Houthi forces announcing a naval blockade targeting Saudi Arabia and warning they could attack ships transporting Saudi crude through the Bab el-Mandeb Strait.

Together, these two waterways normally handle a substantial share of global oil and liquefied natural gas shipments. Shipping companies have already begun rerouting vessels, increasing transportation costs and delivery times.

2. Oil Prices Reach Five-Week High

Growing fears of supply disruptions pushed Brent crude above $95 per barrel, while West Texas Intermediate (WTI) also posted strong gains.

Energy analysts noted that physical oil markets are tightening as tanker operators divert around conflict zones and insurers raise premiums for vessels operating in the region.

3. Trump Issues New Warning to Iran

President Donald Trump stated that any future Iranian attack on commercial shipping in the Strait of Hormuz could result in immediate U.S. strikes against Iranian bridges, power plants, and other critical infrastructure.

Iranian officials responded that attacks on Iranian infrastructure would trigger retaliation against regional infrastructure, signaling another significant escalation in the conflict.

4. Financial Markets React

Energy markets immediately priced in greater geopolitical risk as crude oil advanced sharply.

Investors are also reassessing inflation expectations. Higher energy prices could place renewed pressure on central banks to maintain tighter monetary policy, despite recent improvements in inflation data.

Bitcoin traded lower as investors evaluated the potential impact of prolonged geopolitical instability and rising interest-rate expectations.

Why It Matters

The conflict is no longer affecting only one shipping corridor. Disruptions involving both the Strait of Hormuz and the Bab el-Mandeb Strait threaten two of the world's most strategically important maritime routes for energy exports.

If shipping disruptions continue, higher transportation costs and elevated oil prices could increase inflation worldwide, complicating central bank policy and slowing economic growth.

 Why It Matters to Foreign Currency Holders

Energy prices have historically been one of the strongest drivers of inflation and monetary policy.

Extended supply disruptions could delay interest-rate cuts, strengthen demand for safe-haven assets, and increase volatility across foreign exchange markets as investors react to changing economic conditions.

Implications for the Global Reset

• Pillar 1: Debt

Higher energy costs increase inflationary pressures, making it more difficult for central banks to reduce interest rates while raising borrowing costs for governments, businesses, and consumers.

• Pillar 2: Trade

Disruptions in two major shipping corridors threaten global supply chains, increase transportation costs, and place additional pressure on international commerce.

• Pillar 5: Energy

The Strait of Hormuz and Bab el-Mandeb remain among the world's most important energy chokepoints. Continued instability could reshape global energy flows and accelerate efforts to diversify transportation routes and supply sources.

Future Outlook

Markets will closely monitor whether military tensions continue to escalate or whether renewed diplomatic efforts can stabilize shipping through the Gulf and Red Sea.

Investors will also watch upcoming Federal Reserve meetings for signs that higher energy prices may influence future monetary policy decisions. If oil prices remain elevated, inflation could prove more persistent than previously expected, affecting global markets well beyond the Middle East.

This is not simply about rising oil prices—it reflects the broader transformation of the global financial system as energy security, inflation, trade routes, and geopolitical conflict increasingly shape the future of the world economy.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — Oil prices rise after U.S. announces new round of strikes on Iran

• CoinGape — U.S.-Iran War Update: Trump Threatens to Bomb Iran's Power Plants, Bridges if Hormuz Attacks Persist

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